Empowered Funds LLC Buys 4,154 Shares of Mammoth Energy Services, Inc. (NASDAQ:TUSK)

Empowered Funds LLC lifted its position in Mammoth Energy Services, Inc. (NASDAQ:TUSK) by 5.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 83,157 shares of the energy company’s stock after buying an additional 4,154 shares during the quarter. Empowered Funds LLC owned about 0.17% of Mammoth Energy Services worth $340,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in TUSK. BNP Paribas Financial Markets lifted its stake in Mammoth Energy Services by 55.8% in the 1st quarter. BNP Paribas Financial Markets now owns 11,265 shares of the energy company’s stock valued at $41,000 after purchasing an additional 4,035 shares during the last quarter. SG Americas Securities LLC bought a new position in Mammoth Energy Services during the third quarter worth $42,000. Bank of New York Mellon Corp increased its holdings in shares of Mammoth Energy Services by 6.9% in the second quarter. Bank of New York Mellon Corp now owns 166,591 shares of the energy company’s stock valued at $546,000 after purchasing an additional 10,796 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Mammoth Energy Services by 2.5% in the first quarter. Vanguard Group Inc. now owns 723,772 shares of the energy company’s stock valued at $2,635,000 after purchasing an additional 17,369 shares during the period. Finally, Dimensional Fund Advisors LP lifted its stake in shares of Mammoth Energy Services by 14.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 806,280 shares of the energy company’s stock worth $2,645,000 after buying an additional 99,093 shares during the last quarter. 79.67% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, StockNews.com raised Mammoth Energy Services from a “sell” rating to a “hold” rating in a research report on Monday, November 4th.

Mammoth Energy Services Trading Down 2.0 %

Shares of Mammoth Energy Services stock opened at $3.42 on Tuesday. Mammoth Energy Services, Inc. has a 52-week low of $2.50 and a 52-week high of $4.95. The stock has a market cap of $164.60 million, a PE ratio of -0.84 and a beta of 1.69. The firm has a 50-day moving average of $4.03 and a 200-day moving average of $3.73. The company has a debt-to-equity ratio of 0.18, a quick ratio of 2.13 and a current ratio of 2.25.

Mammoth Energy Services (NASDAQ:TUSK) last announced its earnings results on Friday, November 1st. The energy company reported ($0.50) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.49). Mammoth Energy Services had a negative return on equity of 53.85% and a negative net margin of 105.49%. The business had revenue of $40.02 million for the quarter. During the same quarter in the previous year, the firm posted ($0.02) EPS.

About Mammoth Energy Services

Mammoth Energy Services, Inc operates as an energy services company in the United States, Canada, and internationally. The company operates in four segments: Well Completion Services, Infrastructure Services, Natural Sand Proppant Services, and Drilling Services. The company offers pressure pumping and hydraulic fracturing, sand hauling, and water transfer services; and master services agreements.